Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe.Their order books, however, reflect uncertainty over which of a wide array of so-called green fuels will become the standard in the decades to come
Soaring costs, project delays and limited investment put targets out of reachAfter a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit the lofty targets set by governments in the U.S., Europe and elsewhere ... with the exception of China.
GE Vernova's shares fell nearly 7% on Friday following a turbine-blade failure at an offshore wind farm in the UK, the latest in a string of incidents involving the power service firm's equipment.The incident was reported at the Dogger Bank A project, located more than 130 km off the northeast coast of England, according to a statement from the project authorities.
Orders of new container vessels are up by approximately 52% year-on-year with 254 new contracts placed in 2024, compared to 167 in the corresponding period of 2023, according to a new report by Veson Nautical's data intelligence arm VesselsValue.The report, titled ‘Golden Age: Container shipping’s post-covid boom continues’, states that in addition to the huge uptick in orders
At the urging of environmental groups, a U.S. judge threew out an assessment by a federal agency governing how endangered and threatened marine species should be protected from oil and gas drilling in the Gulf of Mexico.U.S. District Judge Deborah Boardman in Greenbelt, Maryland, ruled the U.S.
For Cheryl “Cherrie” Felder, the path to the maritime industry was both untraditional and seemingly meant to be. After studying African art, she began her career working in a museum in New Orleans before landing a role directing professional rodeo in the Big Easy.“It was a lot of fun, and I learned a whole lot,” Felder said. “But as you may imagine, New Orleans is not a rodeo town.
The Federation of National Associations of Ship Brokers and Agents (FONASBA) elected a new president and board at its annual meeting in Athens last month.Fulvio Carlini of Italy has succeeded Javier Dulce as FONASBA’s President, and the FONASBA Board now consists of the following members:Fulvio Carlini, President (Italy)Javier Dulce, Past President (Argentina)Botond Szalma
An international team of scientists is reconstructing the impact of the 2008 Chaitén volcanic eruption on the marine environment following an expedition onboard Schmidt Ocean Institute’s R/V Falkor (too).After 9,000 years of dormancy, the Chaitén Volcano erupted without warning on May 2, 2008. Ash spewed 30 kilometers (18 miles) into the air and blanketed the landscape.
A ceremonial groundbreaking ceremony was held to signal the start of construction at the Salem Offshore Wind Terminal in Massachusetts.The Crowley Wind Services-led project involves transforming a former oil- and coal-fired power plant into Massachusetts’ second wind port, to support the construction of offshore wind farms in New England and future floating turbines in the Gulf of Maine.
Kitsap Transit has tapped SaaS company ioCurrents to help drive efficiency gains across its ferry fleet in Washington state.ioCurrents' proprietary software, MarineInsight, employs machine learning models to provide real-time, analyzed, actionable data to shoreside operations. By utilizing an IoT device (nonstandard computing hardware) on board, MarineInsight effectively sends the compressed
The Massachusetts Clean Energy Center (MassCEC), Crowley Wind Services and the City of Salem announced the transfer of ownership and an agreement for site improvements and ongoing operations for the Salem Offshore Wind Terminal.The agreement will kickstart the transformation of the site into the second port built specifically to support the construction of offshore wind farms in Massachusetts.
The Australian Alliance for Animals has written an open letter to animal exporters imploring them to voluntarily suspend all live animal exports to or through the Red Sea while the risk of attack remains and to suspend any extended journeys to the Middle East via the Cape of Good Hope.The move follows the recently aborted voyage of the Bahijah.